Created on: 2017-02-13 10:30:54
Last update: 2019-10-28 15:47:18
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About Instituto de Crédito Oficial (ICO)
The Instituto de Crédito Oficial (ICO) is a Spanish state-owned bank attached to the Ministry of Economic Affairs, Industry and Competitiveness via the State Secretariat for Economy and Enterprise Support. It has two functions: one as a credit institution and second as the State Financial Agency. The ICO Group also consists of Axis, a venture capital firm, and the Fundación ICO. ICO signed the Equator Principles in September 2016. BankTrack profiled this financial institution as part of our Equator Principles Track and Chase Project.
Paseo del Prado 4
José Carlos Garcia de Quevedo |
|Annual report||Annual integrated report 2018|
The Instituto de Credito Oficial is a public organisation and as such wholly owned by the Spanish state.
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Voluntary initiativesInstituto de Crédito Oficial (ICO) has committed itself to the following voluntary standards:
ICO's webpage on corporate social responsibility can be accessed here.
Instituto de Crédito Oficial (ICO) and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Instituto de Crédito Oficial (ICO) adopted the Equator Principles in 2016.
Reporting on the Equator Principles
Instituto de Crédito Oficial (ICO) must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- Instituto de Crédito Oficial (ICO) is in compliance with its reporting obligations. Instituto de Crédito Oficial (ICO) is still in its grace period.